UN Event Focuses on Advanced Biofuels Development in Dominican Republic, Way to Fight Poverty
The Public-Private Alliance Foundation (PPAF) held its Third Annual “Partners Against Poverty” event at the UN with 45 high-level participants and observers representing five countries (Brazil, Dominican Republic, USA, Honduras and Haiti) to discuss business innovations in the development and production of bio-fuels, especially in the Dominican Republic. … The group emphasized that bio-fuel development in the Dominican Republic can make an important contribution to reduce dependence on imported petroleum, expand sugar cane productivity and create jobs for people in the agricultural and related sectors.
Production of jatropha and other biodiesel feedstock on marginal land, such as that on the frontier with Haiti could also improve living standards on both sides of the border.
Participants felt that low-cost and effective distribution of product and access to capital are critical issues. The development of the sector requires long-term capital, while the financial environment favors short-term periods and projects. Popularly held views focus on issues of food versus fuel and indirect land use issues, but the discussants felt these were not relevant in the Dominican Republic where sugar cane production has declined in recent years, fields lie fallow and farmers are out of work. READ MORE